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Thursday, April 25
“Instead of buying oil and natural gas from Russia – where production costs are very low and pipeline transport cheap – Europe must immediately turn to more expensive alternatives such as United States, which until seven years ago had no gas export facilities to European companies must add $1.50 per thousand cubic feet – between 30 and 50% of the cost of gas to it -even – for a liquefied natural gas tanker to make the trip from the Gulf of Mexico to Europe.
According to experts, quoted by The Washington Post, the countries most affected by the shutdown of Russian gas supply would be Germany, whose gas storage facilities are only 33.5% full, Italy (35%) and Hungary (19.4%).
“Germany has reduced this figure to 35%, but it is not well placed to achieve zero Russian gas anytime soon,” the authors of the article say, adding that the country lacks infrastructure to import gas.
liquefied natural.
There are not enough short-term alternatives to avoid major economic hardship next winter if Russia halts supplies,” the article said.
"At the same time, investors may be wary of large, long-term natural gas projects as governments and companies increasingly shift to more environmentally friendly types of energy," the statement said.
article, adding that “Global renewable energy prices, after about two decades of decline, have increased slightly over the past year.
The article quotes German Economy Minister Robert Habeck as saying his country would slide into recession without Russian gas.
that the German central bank had predicted earlier this year"..
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